Malaysian shares to slide

Malaysian shares prices are expected to slide even further in the coming week amid uncertainties over interest rates and lacklustre results posted by companies, dealers said.
"Any rebound still looks elusive as most investors are still sidelined by uncertainties over whether banks will follow Bank Negara's lead and raise rates, which will certainly deflate economic growth," said Victor Wan, a senior analyst at Mercury Securities.
For the week ending December 2 the Composite Index shed 19.14 points or 2.1 percent to 885.14 points. Average daily volume was 289.482 million shares valued at 658.566 (175 million dollars) compared to 275 million shares worth 299 million ringgit the previous week.